Shijiazhuang Real Estate And Economic Growth Correlation Analysis

The real estate industry and economic growth correlation has been the attention of a research project, city development is inseparable from the real estate industry, the real estate industry development also is not the economic development of all. So the real estate industry and economic growth of the relationship between research, for the benefit of the decision makers to make corresponding policy, make a reasonable policy to tilt, is conducive to real estate development and can promote economic growth.First of all, this paper analyzes the current situation of economic development of Shijiazhuang and the real estate industry development present situation, and analysis of the real estate industry to economic powerful effects and adverse effects as well as the real estate industry itself exists question.Secondly, through the establishment of model of Shijiazhuang real estate industry and economic growth correlation coefficient, that both have strong correlation. And the sample data unit root ADF test, and Grainger Granger causality test, that economic growth is the real estate industry development, the development of real estate is not a cause of economic growth.Once again, the collection of Shijiazhuang real estate investment and GDP in recent10years data, analyzed the development trend, think there is an interval changes, but the real estate market is stable and has a synchronous development trend. This paper also made a real estate investment to GDP contribution rate calculation, research found that real estate investment growth has been on economic growth has great contribution, especially in recent years the contribution rate to rise steadily.Finally, through the above of the Shijiazhuang real estate development of Shijiazhuang economy and the development of quantitative research, found both in the long term without a stable relationship, from2000-2007both vibration period changes development law. But this is due to the2000-2007the real estate market is still in the initial stage, development is not perfect, market mechanism is still not fully regulate market in the various contradictions caused by the unstable relations.2007-2009the two shows the synchronous development of the law, so that in the short term, both have very close relationship.